A recent WSJ article looked into the poverty in our older generation and their inability to retire. It’s important to understand history or else we are doomed to repeat it. Come take a walk with me as we look at the reasons why they are unable to retire and how we can prevent this from happening to the current generations.
In medicine, we have to handover care to the physicians coming behind us. At least, for those of us that do shift work that is true. Just like we run the list to check out on the patients we are taking care of, we will run a list of articles I think you should read. So, this will be the first of many Monthly Checkouts where I hand select articles that I really think are worth checking out to you.
Today’s post can be found on White Coat Investor where I discuss Fellowship Opportunity Cost. In other words, how much does it cost you (debt, investments, and otherwise) to pursue a fellowship. I even include a calculator to help you figure it out! Let’s calculate your Fellowship Opportunity Cost today.
The item I want to discuss today is a continuum from our discussion on minimizing debt during residency. It really isn’t just a drop in the bucket. I want to show you why it is so important to save what you can during residency. In fact, I want to make an argument as to why you should invest in residency
We are going to discuss five financial mistakes that I have made in my life and the consequences of each mistake. I want you to read this in a certain light, though. The light is this: You, too, can make it to financial independence despite making stupid mistakes like me.
Don’t we all remember the most important money saving tip? You know. If you just brew your coffee (or tea) at home while you are a medical student and resident instead of going to Starbucks, you could save thousands of dollars on your medical school debt. We’ve got some talking to do: Student Loans Part 1.